The Statistics Department of the Central Bank of Cyprus has today released the provisional data for external statistics (balance of payments, international investment position and external debt) for the year 2024.
According to the preliminary balance of payments data for 2024, the current account balance of Cyprus recorded an improvement, with the deficit decreasing to €2.835,0 million in 2024, compared with a deficit of €3.556,1 million in 2023, which corresponds to 8,4% and 11,3% of Cyprus’s annual GDP, respectively.
The international investment position (IIP) recorded an improvement in 2024, presenting a net liability position of €29.177,6 million, compared with a net liability position of €30.195,7 million in 2023.
The gross external debt decreased to €246.167,9 million in 2024 from €251.627,2 million in 2023. The external assets in debt instruments decreased to €227.270,3 million, down from €240.921,6 million in 2023. Consequently, the net external debt increased by €8.192,0 million to €18.897,6 million in 2024.
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